Crowdfund Investments – Its Term And Conditions?
Crowdfund investments are one of the hot selling topics these days. The public have shown interest in this matter. Lawmakers from different countries have been doing talks regarding its concern about it. In other words, crowdfund investments had caught the interest of many.
The attraction with crowdfund investments is focus on how ordinary people like you and me can make it big. Added the fact that to do so it simply requires a brilliant idea to present and be funded. For the entrepreneurs, it is about the chance to start up from scratch. Second to that is the chance to earn. And for the investors, their concern is if crowdfund investments will turn out as profitable as it seems. For the lawmakers, their interest is about their concern in the welfare of small investors.
It is the role of the platforms that offer crowdfund investments to follow all legal requirements. It is their duty as well to serve the needs of project creators. It is the lookout as well of the platforms offering crowdfund investments to protect the welfare of the investors.
The usual ruling that is true with all platforms is that creators can keep the money in case the project will succeed and will only have to pay the fee only then. However, in cases where target fund is not reached most platforms require its creators to return the money. Regardless of the form of crowdfund investments and platform used, the common point of interest in most terms and conditions for both creators and investors is about creators getting to keep the money or not in case the project will succeed or fail.
That’s right. This is the first thing both investors and creators most often first look at before signing up in a platform. Transaction fee and others come in next. But nevertheless, it is best if you will read and understand first the terms and conditions that the platform rules provide before you pour in all your savings in different crowdfund investments. Yes, the returns can be promising. But beware of the risks involve such as possible legal violations.
After all, it is absolutely quite possible. Yes, it is the duty of the platforms to follow legal requirements and crowdfunding law. It is the lookout of investors as well if the form of crowdfunding of interest is allowed by law or not. But when it comes to the welfare of the creators do platform rules and the law looks after only on the welfare of investors?
Are Project Creators Protected From Copyright Issues With Crowdfund Investments?
This is one common issue among project creators. Why not, when creating a pitch it involves a lot of brain work. Creators need to come up with an interesting pitch and an intelligent marketing plan in order to convince backers. But the problem of most project creators with crowdfund investments is the copyright issues.
Yes, you have a nice pitch and intelligent marketing plan but all of that can be copied by other aspiring project creators. Now, the question is … can your platform do something about it? Well, sad to say that most platforms cannot do anything to stop copycats. But lighten up as the law can help the problem. The only thing is that creators will have to exert effort to file early copyright protection. This is very important for creative crowdfund investments.
One agency to go to is the World Intellectual Property Organization of the United Nations. It is a special agency that is responsible for the protection of intellectual properties. It also aims to inspire people to do creative projects such as what happens with creative crowdfunding. To cut the story short, project creators are not protected from getting their work copied or not in crowdfund investments. But creators can seek copyright protection to have their intellectual property such as their pitch get protected from copycats.
As a crowdfunding platform, we know the risk of having your work being copied once published. That is why we come up with this post to educate our creators on how to protect their intellectual property. But one thing we are sure of is that if you will sign up our form now, we will help you to promote your pitch on Facebook and Twitter aside from doing email campaigns.
We will help you to the best of our abilities!